In medieval times moats were built around castles to protect their inhabitants. Today, they are used by companies to generate superior returns for their shareholders. However, rather than being constructed out of bricks and mortar, they are now based on intellectual property, brands, networking benefits and such like. The $64m question of course for investors is: “what price to pay” for these type of high quality business?
13 Dec 2016
Trading in line with expectations
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Trading in line with expectations
Tristel Plc (TSTL:LON) | 465 11.6 0.5% | Mkt Cap: 221.0m
- Published:
13 Dec 2016 -
Author:
Paul Hill -
Pages:
5
In medieval times moats were built around castles to protect their inhabitants. Today, they are used by companies to generate superior returns for their shareholders. However, rather than being constructed out of bricks and mortar, they are now based on intellectual property, brands, networking benefits and such like. The $64m question of course for investors is: “what price to pay” for these type of high quality business?